CleanTech Report July 7th 2020 |
NORTH AMERICAStoring Heat Energy Offers $300 Billion Opportunity To Cut Carbon Emissions As the global energy system becomes increasingly electric – not just in power but transportation and heat, too – storing energy is going to play an ever more important role in ensuring that clean energy can be used when it is most needed. Valley Metro Solar Canopies Mean Cooler Buses The latest project involved installing 3,500 solar panels on bus canopies in Mesa. Valley Metro said the panels should produce 2.1 million kilowatt-hours per year, the same amount of energy used by 171 homes in a year. Berkshire Hathaway Buys $10 Billion Of Gas Assets From Dominion Energy Duke Energy, Dominion abandon the $8 billion Atlantic Coast Pipelinet because of continuing court delays likely to drive the price tag higher. Dominion is getting out of the gas transmission business with a sale of assets to Berkshire Hathway. The two energy companies behind the controversial 600-mile Atlantic Coast Pipeline on Sunday abandoned their six-year bid to build it, saying the project has become too costly and the regulatory environment too uncertain to justify further investment. |
LATIN AMERICAAtlas Renewable Energy And Dow Sign Solar Energy Agreement Atlas Renewable Energy has signed a large-scale solar power purchase agreement (PPA) with material science multinational company Dow in Brazil. The Jacaranda photovoltaic solar plant in Juazeiro, in the state of Bahía, will supply energy over the 15-year PPA. Atlas Renewable Energy will develop, build and operate the plant. Brazil Increases Sustainable Energy Competition With $ 1.1 Billion Project Financing The Lenzig Group, an Austrian producer of cellulose, and São Paulo-headquartered wood panel manufacturer Duratex have acted as joint sponsors on the formation of a joint venture, to support the construction of one of the world’s largest pulp plants, via a USD 1.1 billion financing. Jinkosolar Wins Bifacial Solar Modules Supply Contract In Chile Chinese photovoltaic (PV) manufacturer JinkoSolar Holding has secured a 126MW solar module supply contract in Chile. The solar modules will expand an existing 160MW solar PV park located in the Antofagasta region. |
EUROPEIberdrola Plans €10 Billion-A-Year Clean Energy Push Iberdrola plans to invest at record levels in coming years, as it touts the crisis recovery as a once-in-a generation opportunity for the energy sector to transform itself. Edison Secures First-Of-A-Kind $508M Green Loan For Sustainable Energy In Italy Italian energy company Edison has secured a green loan from the European Investment Bank (EIB) to finance energy efficiency and renewable energy projects over a period of four years. Edison has received €450 million ($508 million) in funding from EIB in two separate loans. Bulgaria, Czechia, Poland And Romania Can Be Important Drivers Of Europe’s Green Recovery The report, Investing in the Recovery and Transition of Europe’s Coal Regions, carried out by Bloomberg Philanthropies and BloombergNEF (BNEF), looks at the transition of the power sector in the four key Central and Eastern European economies as part of Bloomberg Philanthropies’ partnership with the European Commission’s Coal Regions in Transition Platform. |
ASIA$14 Billion Australian Solar Farm Will Provide A Fifth Of Singapore’s Energy The farm, estimated to cost at least A$20 billion (US$13.7 billion), will have an array of 10-gigawatt solar panels spread across 15,000 hectares and will be supported by a 22GWh storage plant. Sun Cable, the Singapore firm behind the project, hopes it can produce up to 20 per cent of the country’s energy requirements. Pakistan And China Ink $1.5 Billion Agreement Of Azad Pattan Hydel Power Project Pakistan and China on Monday signed an agreement for the construction of $1.5 billion Azad Pattan Hydel Power Project. The premier further said time would prove the long term benefits of the CPEC project, which was based upon economic cooperation between Pakistan and China. India Sees New Record-Low Tariff In 2 Gigawatt Solar Bid India witnessed a new record-low solar power tariff in one of the recently concluded national level tenders. The new tariff bid is 3% lower than the previous record-low bid which was first discovered in 2017 and then twice in 2018. |
MENAKuwait May Re-tender Dabdaba Solar Project Kuwait could re-tender its first major solar power project in Dabdaba to secure lower prices from bidders after a long delay in awarding the contract, a newspaper in the OPEC member reported on Sunday. Ducab Opens New Solar Plant To Boost UAE Clean Energy Landscape Ducab Group, one of the UAE’s largest manufacturing businesses, has taken a significant step towards increasing its sustainability with the official opening of its Solar Plant, which was inaugurated by His Excellency Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), in the presence of Dr Ahmad Bin Hassan Al Shaikh, Chairman, Ducab, Board members and senior officials from both parties. Abu Dhabi’s Masdar To Boost Its Renewable Capacity On New Projects Abu Dhabi Future Energy Company (Masdar) plans to boost its renewable energy capacity to 8 gigawatts (GW) before the end of this year, as it expands globally and bids for new projects, its chief executive told Reuters. |
AFRICAZimbabwe Hydro Plant Resumes Full Capacity After Drought Zimbabwe’s main hydropower plant is operating at near-full capacity for the first time since it was revamped two years ago, enabling the country’s state utility to generate more electricity. Portugal’s EDP Backs Eight Renewable Projects Across Africa EDP will sponsor the deployment of eight renewable energy projects in five countries. The funding has been issued through the Access to Energy (A2E) Fund and will finance projects in Mozambique, Kenya, Tanzania, Nigeria and Malawi. Nedbank Accounts For Green Bonds Launched In South Africa An innovative SDG-linked instrument, listed on the Green Bonds segment of the JSE, has set a record as South Africa’s first ‘green’ tier 2 capital instrument launched by Nedbank. The launch of this bond builds on the bank’s previous renewable energy Green Bonds, which were significantly oversubscribed, and the proceeds of which are now funding a number of high-potential solar and wind renewable energy projects. |
AUSTRALIAThe City Of Sydney Is Now On 100% Renewable Energy The City of Sydney, the central borough of the larger metropolis of Sydney, Australia, is now entirely powered by green energy. It’s sourced from one wind farm and two solar farms in New South Wales via electricity retailer Flow Power, as of last week. The City is home to around 250,000 people. UPC Gets Federal Approval For $350M Wind And Solar Hub In Tasmania UPC Renewables says its $350 million renewable energy park at Jim’s Plain in north-west Tasmania has received development approval from the federal government, and it will now seek approval for an even bigger wind installation on nearby Robbins Island. Australia Keen On Investing In Renewable Energy In Cambodia Australia is interested in investing in renewable energy in Cambodia such as hydropower and solar power. The interest was highlighted here yesterday by newly appointed Australian Ambassador to Cambodia, Pablo Chiho Kang, during a meeting with Oknha Kith Meng, president of the Cambodia Chamber of Commerce. |
MORE NEWSUnirac Acquires Mounting Competitor Ecolibrium Solar Solar mounting systems provider Unirac has successfully completed the acquisition of Ecolibrium Solar, a solar racking manufacturer headquartered in Athens, Ohio. The acquisition expands Unirac’s product portfolio, adding Ecolibrium’s commercial flat roof, residential rail-less and metal roof products to its product line. Sunrun to Acquire Vivint Solar, Creating Home Solar Giant Leading U.S. home solar installer Sunrun has agreed to acquire its biggest competitor, Vivint Solar. Sunrun plans to buy Vivint Solar at an enterprise value of $3.2 billion, a price tag that rivals that of other high-profile clean energy acquisitions: Tesla bought SolarCity for $2.6 billion in 2016, while Google acquired Nest for $3.2 billion in 2014. |
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